AltShares Merger Arbitrage ETF Declares Annual Dividend of $0.13 (NYSEARCA:ARB)

AltShares Merger Arbitrage ETF (NYSEARCA:ARB) announced an annual dividend on Wednesday, December 17th. Stockholders of record on Thursday, December 18th will be paid a dividend of 0.1257 per share on Friday, December 19th. This represents a dividend yield of 43.0%. The ex-dividend date of this dividend is Thursday, December 18th.

AltShares Merger Arbitrage ETF Stock Down 0.5%

Shares of AltShares Merger Arbitrage ETF stock opened at $28.99 on Thursday. The company has a 50 day moving average price of $29.02 and a 200 day moving average price of $28.83. The firm has a market capitalization of $90.74 million, a P/E ratio of 14.86 and a beta of 0.05. AltShares Merger Arbitrage ETF has a 52 week low of $27.27 and a 52 week high of $30.26.

About AltShares Merger Arbitrage ETF

The AltShares Merger Arbitrage ETF (ARB) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund tracks a global USD-hedged index that uses a merger arbitrage strategy by providing long exposure to takeover targets and short exposure the acquiring company. ARB was launched on May 7, 2020 and is managed by Altshares.